Monthly Archives: July 2026

What You Need to Know to Start a Family Foundation by Adam Cohen, CPA

Posted on July 27, 2026 by Adam Cohen

Private foundations help high-net-worth families create lasting, multi-generational philanthropic legacies that reflect their unique values and goals and deliver unique income and estate tax advantages. While they provide a legal structure for family members to control their giving and maximize the impact of those gifts, they also come with a long list of rules, restrictions […]

You May Be Able to Modify an Irrevocable Trust by Patricia Giarratano, CPA

Posted on July 20, 2026 by Patricia Giarratano

Over the past few years, many high-net-worth family matriarchs and patriarchs rightfully accelerated their gift-giving strategies to reduce the value of their taxable estates in anticipation of a scheduled halving of the estate tax exemption at the end of 2025. However, with the enactment of the One Big Beautiful Bill Act (OBBBA) in July 2025 […]

Limits to Employer Deductions for Certain Meals in 2026 by Richard E. Cabrera, JD, CPA

Posted on July 13, 2026 by Richard Cabrera

Businesses generally lose two valuable tax deductions for the costs of meals they provide to their employees after Dec. 31, 2025. This includes the costs of most meals provided at an employer’s convenience and meals provided at company-operated dining facilities, unless a specific exception applies. Background The Tax Cuts and Jobs Act (TCJA) of 2017 […]

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